As unrest sweeps Egypt, president refuses to quit Fri, 28 Jan 2011 11:03 pm PST AP - In his first response to the unrest sweeping his nation, Egypt's president fired his Cabinet Saturday and promised reforms but refused to step down, setting the stage for perhaps even heavier street battles with protesters calling for an end to his nearly 30 years in power. Full Story | Top | Obama tells Mubarak: Must take 'concrete steps' Fri, 28 Jan 2011 11:19 pm PST AP - Stepping up pressure on a stalwart but flawed Middle East ally, President Barack Obama said he personally told Egypt's Hosni Mubarak Friday night to take "concrete steps" to expand rights inside the Arab nation and refrain from violence against protesters flooding the streets of Cairo and other cities. The White House suggested U.S. aid could be at stake. Full Story | Top | Police: Wife of Army officer kills her 2 children Fri, 28 Jan 2011 11:04 pm PST AP - The wife of a military officer shot and killed her son on the way to soccer practice, then drove to their upscale home and shot her daughter in the head while she studied at her computer, police said Friday. Afterward, the woman told detectives she killed the teens for being "mouthy." Full Story | Top | In future, cars might decide if driver is drunk Fri, 28 Jan 2011 11:04 pm PST AP - An alcohol-detection prototype that uses automatic sensors to instantly gauge a driver's fitness to be on the road has the potential to save thousands of lives, but could be as long as a decade away from everyday use in cars, federal officials and researchers said Friday. Full Story | Top | China rating agency blames U.S. for "credit war" Fri, 28 Jan 2011 12:09 pm PST Reuters - The ultra-loose monetary policy of the United States is setting the stage for "a world credit war," a Chinese rating agency said on Friday, in the latest warning against soaring debt burdens in developed economies. Full Story | Top | Higher costs sink Ford profit, shares slide Fri, 28 Jan 2011 02:05 pm PST Reuters - Ford Motor Co's earnings fell far short of expectations on surging costs for new vehicle launches and an unexpected loss in its European business, driving its shares down more than 13 percent. Full Story | Top | BofA banker bonuses likely down, cash portion up Fri, 28 Jan 2011 02:17 pm PST Reuters - Senior investment banking executives at Bank of America Corp will likely see as much as 80 percent of their 2010 bonuses in stock, but the cash portion will be higher than what was paid out last year, said a source familiar with the company's pay plans. Full Story | Top | Companies pull hard in pricing tug-of-war Fri, 28 Jan 2011 01:25 pm PST Reuters - Fretful central bankers and hard-pressed consumers hoping companies will swallow rising input costs look set to be disappointed as evidence grows that prices will increase in coming months. Full Story | Top | Mubarak defiant as Egypt toll rises, Obama wades in Fri, 28 Jan 2011 09:49 pm PST AFP - Egypt's embattled President Hosni Mubarak on Saturday addressed the nation for the first time since deadly protests erupted against his regime, vowing reform but showing no sign of relaxing his decades-old grip on power. Full Story | Top |
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